Tristan fund & FREO sell office in Cologne for €220m

EPISO 3, an opportunity fund managed by pan-European real estate investment manager Tristan Capital Partners, has sold the Kölnisch Quartier, formerly known as Barthonia Forum, in Cologne’s Ehrenfeld district through a number of separate transactions for around €220 million ($245 million), after transforming the mixed-use estate into a vibrant city quarter through active asset management with its local operating partner and co-investor FREO.

The majority of the estate “Barthonia Forum”, known as the former production site for the famous 4711 Eau de Cologne, was acquired for an undisclosed amount by the Family Office East Guardian advised by BLUE Asset Management. The property consists of more than 50,000 square meters (538,000 square feet) of lettable area, including (food-based) retail, modern office space as well as 124 residential units.

Fabian Meinsen, director, at Tristan said: “This latest transaction marks the successful disposition of the entire esta